# Insolvency Act 1986, Paragraph 1: Administration


(1) For the purposes of this Act “administrator” of a company means a person appointed under this Schedule to manage the company’s affairs, business and property.
(2) For the purposes of this Act—
(a) a company is “in administration” while the appointment of an administrator of the company has effect,
(b) a company “enters administration” when the appointment of an administrator takes effect,
(c) a company ceases to be in administration when the appointment of an administrator of the company ceases to have effect in accordance with this Schedule, and
(d) a company does not cease to be in administration merely because an administrator vacates office (by reason of resignation, death or otherwise) or is removed from office.

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Source: https://www.legislation.gov.uk/ukpga/1986/45/schedule/B1/paragraph/1 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/schedule-B1/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.